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Base Metals Fall In Shanghai, With Tin Leading The Losses
Most base metals traded on the Shanghai Futures Exchange opened in negative territory on Tuesday July 28, affected by a more cautious macroeconomic environment and the strength of the United States dollar ahead of the Federal Reserve’s interest-rate decision. Within...
Steel Scrap, Turkey Reignites The Global Market But Asia Remains Weak
International steel scrap trading suddenly regained momentum in the week ending Friday July 24, thanks to the strong return of Turkish steelmakers to the deep-sea cargo market. After a prolonged phase characterized by sporadic purchasing and inconclusive negotiations,...
Aluminium Billet Premiums Lose Momentum In Europe With The Arrival Of The Summer Slowdown
The European 6063 aluminium billet market is entering the weakest phase of the summer season, with reduced demand, limited spot purchasing and consumers increasingly inclined to postpone procurement decisions. In the week ending Friday July 24, premiums narrowed in...
Cobalt Market Enters A Standoff Between Weak Demand And Supply Risks
The international cobalt intermediates market is entering a period of growing paralysis, with buyers and sellers increasingly far apart in their respective price expectations. On one side, final demand is showing signs of slowing, particularly in the consumer...